Get a Free Smartphone When You Open an Account With Sterling Bank With N10,000

Though this look like a marketing strategy to get new
customer to register with Sterling bank? We all love everything free, but are
things truly free?

9Mobile partnered with sterling bank and Solo phones to
introduce a contract smartphone pre-bundled with mobile plans to new and old
customers of the bank. However, the partnership is said to last for 12 months.

This is what it means, walk into any Sterling bank and open a
Sterling Plus account, then deposit minimum of N10,000… at completion, you’ll
walk home with Solo aspire 4 smartphone and a 9mobile sim. Every month, you’ll
be entitled to free data bundle from 9mobile.

Terms and Condition

After much digging, we found out that Once you deposit
N10,000 and collect the phone, you need to be depositing N5,105 for the
remaining 11months to take complete ownership of the phone.

To get the Solo Aspire Phone, open a new sterling plus account Minimum account opening balance of N5,000.00 & Security deposit of N5,000.00 totaling N10,000.00 (To be placed under lien for the contract period of 12 months)Upfront payment of the 1st month subscription fee of N5,105.00Subsequent subscription fee of N5,105.00 to be paid over a period of 11 months on or before 28th of every month

Execution of the contract agreement formPlease note that existing New Sterling Plus Customer will only provide N5,000.00 (Security deposit & N5,105.00 upfront subscription fee)Apart from owning a cool Smart Phone, customers also get to enjoy the following benefits on a 9mobile network plan.90 national minutes monthly for 12 months15 SMS monthly for 12 months 1.5GB free (one-off) data upon device activation500MB of data monthly for 12 monthsFree 30 days access to social media & Instant Messaging apps monthly for 12 months50% bonus on airtime recharge100% bonus on any data purchase for 1st 6 months50% bonus on any data purchase for the next 6 months.

I just chatted them up on there website. The #5105 you pay monthly is part installmental payment for the phone. So they are not giving out the phone for free rather you paying #61260 stretch over a period of 12months. Would have upload the chat screen shoot but i can't find any upload button in the comment box